๐ฎ๐ณ India doesnโt have a crypto problem.
India has a crypto tax problem.
- 30% flat tax.
- No loss set-off.
- 1% TDS on every trade.
This isnโt regulation.
This is capital punishment for innovation.
๐งต๐
Crypto is not gambling.
Itโs not a scam by default.
Itโs technology + capital markets + entrepreneurship.
Yet today, India taxes crypto harsher than stocks, startups, or real estate.
Ask yourself: why?
Because of this tax regime:
-Indian exchanges lost volume
-Traders moved to foreign platforms
-Startups shifted overseas
-Govt lost potential tax revenue
High taxes donโt increase compliance.
They push activity underground.
Countries that reduced crypto tax:
โขGot higher compliance
โขAttracted Web3 founders
โขCreated jobs
โขEarned more, not less, revenue
Meanwhile, India risks missing the biggest tech wave since the internet.
No one is asking for โzero taxโ.
We are asking for fair tax.
โ๏ธ Allow loss set-off
โ๏ธ Reduce punitive flat tax
โ๏ธ Remove excessive TDS friction
โ๏ธ Treat crypto like an asset, not a crime
A rational tax policy can:
โขBring volume back to Indian exchanges
โขCreate transparent on-chain compliance
โขKeep Indian talent in India
โขMake India a Web3 leader, not a spectator
Honโble
#FinMinIndia ,
Indiaโs youth, builders, and investors are ready to comply.
Just donโt tax innovation out of existence.
Reform crypto tax.
Support builders.
Let India lead. ๐ฎ๐ณ
๐ Repost if you agree
๐ฌ Comment your thoughts
๐ Save for policy discussions
$BTC $HYPER $BIFI #India #IndiaCrypto #NirmalaSitharaman #cryptotax